Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Sold by Gator Capital Management LLC

Gator Capital Management LLC decreased its holdings in shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,782 shares of the company’s stock after selling 200 shares during the quarter. Victory Capital comprises about 3.2% of Gator Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Gator Capital Management LLC owned about 0.20% of Victory Capital worth $8,561,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VCTR. Envestnet Asset Management Inc. grew its holdings in Victory Capital by 22.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 123,684 shares of the company’s stock valued at $8,096,000 after buying an additional 23,041 shares during the period. Wells Fargo & Company MN grew its holdings in Victory Capital by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 71,957 shares of the company’s stock valued at $4,710,000 after purchasing an additional 5,861 shares during the period. Integrated Quantitative Investments LLC acquired a new position in Victory Capital during the fourth quarter worth approximately $847,000. Landscape Capital Management L.L.C. purchased a new position in Victory Capital during the fourth quarter worth approximately $254,000. Finally, Thoroughbred Financial Services LLC boosted its holdings in shares of Victory Capital by 64.9% in the 4th quarter. Thoroughbred Financial Services LLC now owns 6,400 shares of the company’s stock valued at $418,000 after purchasing an additional 2,520 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on VCTR. B. Riley reaffirmed a “neutral” rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on Victory Capital from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. BMO Capital Markets lifted their price objective on Victory Capital from $73.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Morgan Stanley increased their target price on shares of Victory Capital from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, Barclays lifted their price target on shares of Victory Capital from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Victory Capital presently has a consensus rating of “Hold” and a consensus target price of $71.44.

Victory Capital Stock Down 5.8 %

Shares of Victory Capital stock opened at $51.71 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.19 and a quick ratio of 1.19. Victory Capital Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $73.42. The business has a 50-day moving average of $62.57 and a 200-day moving average of $62.79. The company has a market capitalization of $3.29 billion, a PE ratio of 11.83, a P/E/G ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. As a group, equities analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current fiscal year.

Victory Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.64%. This is an increase from Victory Capital’s previous quarterly dividend of $0.44. Victory Capital’s payout ratio is presently 43.02%.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.